OFFICIAL RELEASE OF BHO CROSS-CHAIN FUNCTION, LINKED TO BINANCE SMART CHAIN

BHO Cross-chain function is designed to prioritize cyber security, lower fees and create the smoothest experience for users. It was officially released recently on 15/12/2021. This is considered one of the most important features, since it has the capability of helping BHO network establish a better Interoperability with other huge ecosystems.

Cross-chain is a solution for storing/transferring digital assets (including coins, tokens & NFTs); initiating actions across multiple networks (interoperability); as well as sending information across different Blockchains.

Additionally, users can also use this Cross-chain feature to exchange assets in GameFi, connect DeFi applications and optimize the interface being used.

At the moment, BHO Network is developing a Decentralized Heterogeneous Cross-chain protocol, aiming to solve the current unresolved defects of Cross-chain: security issues and high transaction fee.

With Heterogeneous Cross-chains, networks such as Bitcoin, Ethereum (ERC), Binance Smart Chain (BSC), Solana, etc will become easily interoperable with BHO Chain (BHC20). Regarding Polkadot, BHO Network will build a separate Sidechain that has the ability to communicate and interoperate freely with all existing Parachains. The Sidechain & Cross-chain will be connected via a bridge, built by BHO technical team.

BHO Mainnet (launching this December), which is intergrated with the BSC Cross-chain feature, will be verified by a 3rd party that specializes in network auditing. This will assist in ensuring users’ safety as well as preventing any potential dangers that might arise. According to the initial roadmap, BHO Cross-chain function will be further developed and expanded to other prominent Blockchain networks such as Bitcoin, Ethereum, Solana, Polkadot and so on in the near future.

With a vision of becoming a multi-chain, interoperable Layer-1 Blockchain network, the Cross-chain function will help BHO Network establishing a solid platform for further development of our own ecosystem with GameFi and DeFi projects. We also want to be a blockchain intermediary for transferring digital assets between networks and ecosystems. Ultimately, the Cross-chain functionality is a commitment of BHO Network team with our users and investors: ensuring important project milestones in our objective roadmap and creating demands for real-life usage of BHO tokens.

Mr. Nhat Phan, Co-Founder & CEO of BHO Network, shared: “Cross-chain will assist Blockchain in breaking down barriers and becoming decentralized in its true sense.”

BHO - A promising blockchain for DeFi and NFTs

BHO Network is a multi-chain platform dedicated to decentralized financial (DeFi) applications and non-fungible tokens (NFTs). BHO Network carries the mission to connect the crypto space with qualified real-world assets using blockchain with minimal costs, high security and unparalleled transaction throughput. Through BHO Network, crypto projects such as gamefi & metaverse related businesses may utilize tokenization to convert their valuable assets into NFTs and asset-based tokens as proof of creditworthiness for unlimited access to different financial services in crypto space.

Furthermore, BHO Network has concurrently announced strategic partnerships with esteemed brands, namely Singapore Fintech Association, Global DCA, TechQuartier, etc. Following their 5-year roadmap, BHO Network thrives to emerge as a multinational ‘unicorn’ fintech firm. Accordingly, the core team specifically emphasizes their vision to develop a Multi-Hub of GameFi and Metaverse, which will bring limitless experience and redefine the real world.

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